VP​/Fraud Mitigation and Recovery

VP/Fraud Mitigation and Recovery

Full Time Regular Professional Irvine, Irvine, CA, US

2 days ago Requisition

Salary Range: $ To $ Annually

VP/Fraud Mitigation and Recovery

Location: Irvine, CA
Job Type: Full-Time | Exempt | Hybrid Eligible
Salary Range:$100,000 – $150,000 per year

Commercial Bank of California (CBC) is the largest Latino-owned bank in California and a certified Minority Depository Institution (MDI). Headquartered in Irvine and founded in 2003, CBC is one of the largest privately held banks in the state, with over $3.5 billion in assets as of December 2025.

We are a purpose-driven financial institution committed to building long-term relationships and delivering innovative, personalized banking solutions. Our leadership reflects the diverse communities we serve, and our mission is rooted in empowering entrepreneurs, business owners, and community leaders to thrive.

As a certified MDI, CBC is proud to play a vital role in advancing financial inclusion and economic opportunity. We believe in a higher vision for banking—one that prioritizes trust, collaboration, and community impact. Join us and be part of a team that’s redefining what it means to be a community-focused, relationship-driven bank that puts people over profits.

The role of the VP/Fraud Mitigation and Recovery is to lead the institution’s efforts to detect, prevent, investigate, and recover from fraudulent activities. This role oversees a team of Fraud Mitigation and Recovery Specialists, develops and implements fraud prevention strategies, ensures regulatory compliance, and collaborates with internal departments and external agencies to protect the organization and its customers from financial loss.

• FRAUD PREVENTION & DETECTION
• Develop and implement fraud mitigation strategies and detection systems.
• Monitor financial transactions and account activity for suspicious behavior.
• Evaluate and deploy fraud detection tools and technologies.
• INVESTIGATION & RECOVERY
• Lead investigations into suspected fraud incidents, including internal and external cases.
• Maintain detailed documentation of fraud cases and investigation outcomes.
• Coordinate with law enforcement, legal counsel, and regulatory bodies.
• Oversee recovery efforts and restitution of misappropriated funds.
• TEAM LEADER SHIP
• Manage and mentor a team of Fraud Mitigation and Recovery Specialists.
• Conduct performance reviews, training, and professional development.
• Ensure team adherence to service level agreements (SLAs) and escalation protocols.
• RISK ASSESSMENT & CONTROLS
• Assess vulnerabilities in current processes and recommend improvements.
• Collaborate with internal audit and compliance teams to strengthen controls.
• Stay informed on emerging fraud trends and regulatory changes.

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Strong understanding of banking regulations and compliance requirements.
• Ability to manage change and lead cross-functional initiatives.
• Strong analytical, organizational, and decision-making skills.
• Proficiency in fraud detection software and data analysis tools.
• Experience with banking systems (e.g., FIS ,Fiserv, Jack Henry) and digital tools.
• Comprehensive knowledge of Bank policies and procedures, New Accounts, Treasury Services products and solutions including, but not limited to:
  Branch Operations, Remote Deposit, ACH Origination,…